The component market is one that has resisted change, primarily due to high fragmentation.

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At Banco Azteca we are confident in our operation because of geographical diversification, as well a high level of fragmentation of credit and debit accounts ...

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To be sure, high unemployment, fragmentation in virtually all sectors of the economy and the constant threat of political unrest are serious risks for anyone seeking to do business in South Africa or elsewhere on the continent.

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But, according to Dr Arye Carmon, the president of the Israel Democracy Institute, the resulting fragmentation is too high a price to pay.

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How much of a benefit does Sauter attribute to market developments in the past 15 years, which include decimalization, high-frequency trading, increased fragmentation, Reg.

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We think that this concern is overblown because of the large size and fragmentation of the commercial reverse supply chain segment, high barriers to entry for successful penetration into the market, and the incompatibility of an online surplus liquidation business with the aforementioned potential competitors.

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Regarding market fragmentation, Sauter noted that this can be both a good thing and a bad thing but that high-frequency traders bring the markets back together.

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